Market Research Reports - Ken Research Opportunities in Lubricant Industry | Page 2

Automotive lubricants have gathered the largest share in the market in terms of consumption.
The share of automotive lubricants in the total consumption has inclined from ~% in 2011 to ~%
in 2016. The boosting sales of automobiles in the country have significantly led to the increased
consumption of automotive lubricants during 2011-2016. The share of industrial lubricants has
declined as compared to the automotive segment from 2011 to 2016. The share of industrial
lubricants in the total consumption has declined from ~% in 2011 to ~% in 2016.
Automotive and Industrial Lubricant Market Size
There has been a significant growth in the consumption of automotive lubricants in the
Philippines over the period 2011-2016. There volume of lubricants consumed by the vehicle
owners in the country inclined from ~ million liters in 2011 to ~ million liters during 2016. It has
been witnessed that automobile owners started shifting to the use synthetic oils from other
conventional lubricants during the same period. The industrial sector in the Philippines has
been growing over the recent past. This has led to the installation of more machinery and
equipments required by the market players operating in construction, manufacturing,
agriculture, mining, iron and steel, electricity and healthcare sector. The overall consumption of
industrial lubricants inclined to ~ million liters during 2016 from ~ million liters during 2011.
Market Share of Major Players in the Philippines Lubricants Market
Shell was the leading player in terms of sales volume from in the Philippines in 2016. Shell
dominated the overall market with ~ million liters sale during 2016, due to the wide product
range offered by the company for various automotive engines in the country. With the
presence of more than ~ service stations and the increasing demand for Petron Blaze 100,
which matches the European quality standards, Petron has proved to be the second largest
player in the lubricants market in the Philippines in 2016, contributing ~ million liters to the
overall sales volume. Chevron grabbed a significant position in terms of sales volume as it is the
first American oil marketer in the country which focuses on selling imported lubricants. The
player sold ~ million liters of lubricants during 2016. Exxon Mobil was also amongst the major
market players and contributed ~ million liters to the market volume during the same year.
Philippines Lubricant Market Future Outlook and Projections
The overall consumption of lube oils in the Philippines lubricants market is projected to
increase to ~ million liters during 2021 from ~ million liters during 2016, at a CAGR of ~% during
the same period. The revenues generated by the lubricants market players are projected to
boost from USD ~ million in 2016 to USD ~ million in 2021, recording a robust CAGR of ~%
during the period 2016-2021. The economy of the Philippines is expected to witness more than
~ new manufacturing units, wherein the consumption of lube oils for machines is projected to
increase during 2016-2021. The initiative of the government and tourism department with a